XN000022-1991-10-15 — Page 20

19

TUESDAY, OCTOBER 15, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

UKRO

EXCHANGE FUND BILLS TENDER RESULTS

ISSUE NUMBER

AMOUNT APPLIED

TUESDAY 15 OCTOBER 1991

175

Q142

HKD 1,360 MN

HKD 708 MN

HKD 200 MN

AMOUNT ALLOTTED

AVERAGE ACCEPTED YIELD

HKD 500 MN

4.77 PCT

4.91 PCT

HIGHEST ACCEPTED YIELD

4.80 PCT

4.93 POT

PRO RATA RATIO

ABOUT 16 PCT

20 PCT

AVERAGE TENDER YIELD

4.82 PCT

4.99 PCT

HONG KONG GOVERNMENT EXCHANGE FUND

NEXT TENDER OF EXCHANGE FUND BILLS

НКЕН

TUESDAY 22 OCTOBER 1991

ISSUE NUMBER

Q143

ISSUE DATE

23 OCT 91

MATURITY DATE

22 JAN 92

TENOR

91 DAYS

AMOUNT OF OFFER

HKD 500 + 100 MN

0

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

14.10.91

600

EFFECT OF FORWARDS TO BE SETTLED ON

15.10.91

+58

EFFECT OF OPERATIONS THIS MORNING

-58

EFFECT OF OPERATIONS THIS AFTERNOON

NEUTRAL

TRADE WEIGHTED INDEX 112.0 *+0.2* 15.10.91

PHONG KONG

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